About Micron Technology (NASDAQ:MU)

Micron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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Micron Technology (NASDAQ:MU) Frequently Asked Questions

What is Micron Technology's stock symbol?

Micron Technology trades on the NASDAQ under the ticker symbol "MU."

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) issued its earnings results on Tuesday, December, 19th. The semiconductor manufacturer reported $2.45 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.85 by $0.60. The semiconductor manufacturer had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.43 billion. Micron Technology had a net margin of 32.77% and a return on equity of 41.87%. The business's quarterly revenue was up 71.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. View Micron Technology's Earnings History.

When will Micron Technology make its next earnings announcement?

What guidance has Micron Technology issued on next quarter's earnings?

Micron Technology issued an update on its second quarter earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of $2.70 -2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.56. The company issued revenue guidance of $7.20-7.35 billion, compared to the consensus revenue estimate of $6.94 billion.

Where is Micron Technology's stock going? Where will Micron Technology's stock price be in 2018?

27 brokers have issued 1 year price objectives for Micron Technology's stock. Their forecasts range from $32.00 to $85.00. On average, they anticipate Micron Technology's share price to reach $58.11 in the next twelve months. View Analyst Ratings for Micron Technology.

What are Wall Street analysts saying about Micron Technology stock?

Here are some recent quotes from research analysts about Micron Technology stock:

1. According to Zacks Investment Research, "Micron offers both DRAM and NAND products. The stock has outperformed the broader market in the last one year. The main reason behind the optimism surrounding the stock is improving prices for DRAM and NAND chips, which makes investors confident about Micron’s growth. Going ahead, industry experts believe that total demand could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term. We believe that any increase in prices will have a favorable impact on the company’s top line, the benefit of which is likely to flow down to the bottom line. Additionally, we are positive about the company’s strategy of enhancing capabilities through acquisitions which are likely to boost its top-line performance over the long-run. However, after acquiring SanDisk, Western Digital has become a key player in the NAND space, which could increase competition in the industry." (3/8/2018)

2. Needham & Company LLC analysts commented, "With another record quarter and guide (beat revenue and EPS consensus by 5.6% and 11.4%, respectively) in the bag, we think Micron is on track to generate nearly $10 of annualized earnings. Why isn’t the market applying a historical average P/E multiple of 8-10x on this level of earnings? We think the multiple will rise over time as investors come to understand how MU benefits from the secular transition away from PCs and smartphones to high-performance computing applications such as AI, machine learning, cloud/enterprise and autonomous. In these end-markets, capacity is higher, design cycles are longer and more stable and pricing is favorable. Also, we think Micron is poised to benefit from the transition to 3D NAND, which generates a significant cost advantage (30%-35%), and technology limitation in DRAM supply growth." (12/20/2017)

3. Loop Capital analysts commented, "We believe yet another beat and raise by Micron Technology (MU) supports our view that “the sun, the moon, and the stars” continue to remain aligned as MU benefits from the elongated trifecta of the memory cycle – tight supply/demand dynamics, increasing prices, and cost reductions. We expect these favorable dynamics to continue to drive operating leverage in the model with sustained healthy earnings and revenue growth through the second half of calendar year 2017 and into fiscal year 2018." (6/30/2017)

Are investors shorting Micron Technology?

Micron Technology saw a increase in short interest in February. As of February 28th, there was short interest totalling 62,469,320 shares, an increase of 0.1% from the February 15th total of 62,537,876 shares. Based on an average daily volume of 40,225,653 shares, the days-to-cover ratio is presently 1.6 days. Approximately 6.1% of the company's stock are sold short.

Has Micron Technology been receiving favorable news coverage?

Media coverage about MU stock has trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Micron Technology earned a media sentiment score of 0.18 on Accern's scale. They also assigned media coverage about the semiconductor manufacturer an impact score of 46.09 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

How do I buy shares of Micron Technology?

Shares of MU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $60.14.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $70.05 billion and generates $20.32 billion in revenue each year. The semiconductor manufacturer earns $5.09 billion in net income (profit) each year or $6.35 on an earnings per share basis. Micron Technology employs 34,100 workers across the globe.

MarketBeat Community Rating for Micron Technology (MU)

MarketBeat's community ratings are surveys of what our community members think about Micron Technology and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Micron Technology (NASDAQ:MU) Analysts' Consensus Rating

MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.

MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.